The true cost of Trump’s tariff scheme
- Posted on October 16, 2024
- By Business News Today
- 2 Views
The true cost of Trump’s tariff scheme
Donald Trump's proposed substantial tariff increases on imported goods could raise trillions in revenue but would impose significant economic costs. The tariffs would result in higher consumer prices, reduced household income, and potentially lower GDP, with severe consequences for both the economy and federal tax structure.